here is the austerity program of raising taxes and cutting government spending, taking a qualitative new step to help bail out a capitalism that hasn't worked in europe and that has crippled this little country of cyprus. the step taken to try to fix the problem is to literally reach into the private, insured bank accounts of people in the local banks in cyprus and take money out of it to pay for fixing this broken system. for all working people, and not just in europe, here in the united states, too, this should be a wakeup call if you still need one that we're in a situation where the most dire, unexpected, unimaginable steps are being taken to fix a system that keeps resisting being fixed so that we are required now to dip into people's checking accounts and literally take the money away. >> richard, one of our viewers, antonia murrero asks, "student loan debts are overwhelming me and many others. what does professor wolff think would happen to the economy if those debts could be forgiven in personal bankruptcy? is that even possible? >> well, the law in the united states specific